Zhitan finance and economics APP learned that UBTECH (09880) is currently up more than 5%, as of press time, up 4.23%, at HKD 160.3, with a turnover of HKD 13.063 million.

On the news front, Dongfeng Liuqi and UBTECH signed a strategic cooperation agreement on humanoid robot applications, jointly promoting the application of humanoid robots in the automotive manufacturing scene. This is UBTECH's further layout of industrialization towards the entire automobile assembly workshop after its cooperation project with NIO Inc. Minsheng Securities pointed out that robot software technology is expected to achieve rapid breakthroughs and the industry will usher in the first year of mass production in 2024, bullish on the huge industrial opportunities brought by the first year of robot mass production from 0 to 1.

In addition, Beijing Yizhuang will introduce a three-year action plan for humanoid robots. The plan aims to build a leading domestic source of robot technology innovation, a gathering place for high-end manufacturing, a new highland for integrated application and an industrial ecological demonstration area. At present, Yizhuang not only gathers leading humanoid robot whole-machine enterprises such as UBTECH, Xiaomi Robot, and Jingcheng Mechanical and Electrical, but also has key industry supporting enterprises such as Qingnengde Innovation, Lingzu Vision, and Xiling Vision, accelerating the formation of a collaborative industrial ecology of the whole and parts.